Loan Comparison: 4.14% vs 6.5%
14561 46th, Denver, CO 80239 · 3bd/2ba · $427,000
List Price
$427,000
Assumable Rate
4.14%
Remaining Balance
$258,029
Equity Gap
$218,971
Loan Type
FHAAdjust Your Scenario
$21,350
$21,350$218,971
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (FHA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,564/moAssumable @ 4.14% + gap loan
$2,772/moAssumed loan: $1,253/mo
Gap financing: $1,520/mo
Your Savings on This Property
14561 46th, Denver · 4.14% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($218,971) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,350, 5% of purchase price) and a second mortgage for the rest ($197,621 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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